Global stock markets are hurtling toward their worst week since the financial crisis
Coronavirus fears are making global stock markets ill. The S&P 500 index of US stocks and the MSCI World Index, a basket of equities from developed markets, are having their worst week since the financial crisis. As of midday trading today, the S&P was down 9.6% for the week and the MSCI World Index had sunk 13.2%—for both indices, their steepest weekly drop since the week ended Oct. 10, 2008.